Valens GroWorks (CVE:VGW) Stock Price Down 1.3%

Shares of Valens GroWorks Corp. (CVE:VGW) were down 1.3% during trading on Monday . The stock traded as low as C$3.05 and last traded at C$3.06, approximately 92,934 shares changed hands during trading. A decline of 85% from the average daily volume of 640,746 shares. The stock had previously closed at C$3.10.

Separately, Desjardins reiterated a “buy” rating on shares of Valens GroWorks in a research note on Wednesday, November 6th.

The stock has a fifty day moving average of C$3.11. The stock has a market capitalization of $361.59 million and a P/E ratio of -16.13.

Valens GroWorks (CVE:VGW) last issued its quarterly earnings results on Tuesday, October 15th. The company reported C$0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.02 by C$0.03. The firm had revenue of C$16.46 million during the quarter, compared to the consensus estimate of C$16.45 million. As a group, equities analysts expect that Valens GroWorks Corp. will post 0.43 EPS for the current year.

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